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office research The office market has been very consistent for the last several quarters.

HOUSTON—Since the fourth quarter of 2014, the office market has been characterized by rising vacancy rates, flattening asking rents, growing concession packages and a glut of sublease space. The phenomenon of 12 to 15 months of free rent on a 10-year deal is not uncommon for class-A space as well as tenant improvement allowances at more than $50 per square foot.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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